Daily Archives: May 6, 2015

A second country is wanting to learn more about Georgia’s unique cash management system, which helps the country’s financial sector operate as effectively as possible. After Moldova, now Austria wanted to gain valuable insight into Georgia’s Cash Centre. Austrian National Bank representatives have visited Georgia’s National Bank (NBG) Cash Centre, which …

The taste of Georgia will soon be available in coffee mugs all around the country and further beyond. A new coffee enterprise soon to open in capital Tbilisi is developing Georgian roasted coffee – a unique blend that only represents Georgia. Local coffee importer BB Company is behind the initiative to …

Georgia’s Parliament will vote whether or not approve the renewed Cabinet on Friday, May 8. The date was set after President Giorgi Margvelashvili sent the renewed composition of the Cabinet to Parliament for approval this afternoon. The new Cabinet included three new ministers – Tinatin Khidasheli as Minister of Defence, Tariel …

With a net worth that’s estimated to be as much as $80.1 billion, Microsoft cofounder Bill Gates is the richest man in the world. Gates has exactly the kind of real-estate portfolio you would expect from a billionaire, from a Washington mansion worth $123 million to multiple horse ranches across …

A new Common Market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the European Union has members, and twice the population of North America. It’s called India. For more than six decades since independence, India’s 29 states have operated almost as …

Taxes on wage income vary heavily around the world. The OECD recently published a report comparing the tax burden on wages in the world’s developed economies. One of the main measures the OECD used in the report is the “tax wedge”. This is a combination of personal income taxes with …

U.S. airlines are earning billions, and they are collecting more in fees on checked bags and reservation changes. Whether airlines are making more or less profit than before depends on which figures you use. The Department of Transportation said Monday that airlines collected $3.5 billion in bag fees last year, a …

“Microsoft is more committed than ever to the millions of IT pros around the world,” Microsoft VP of enterprise client and mobility Brad Anderson said at the company’s first-ever Ignite conference, where it announced numerous new products and services. Like at the Build conference last week, Microsoft talked up security …

It looks like Samsung’s plan to distance itself from Android is finally taking shape. The Tizen app store is now live across the globe, according to the Wall Street Journal, which means anyone with a Tizen-powered phone can download and use apps. But there’s just one tiny detail that’ll stop …

More Georgian wine is continuing to be exported to foreign countries and enjoyed by people all over the world. Monthly export figures released today revealed more than half a million more bottles of wine was exported in April 2015 compared to March, while this figure was double what was exported …

The five indicators in the 2015 Mothers’ Index of 179 countries are the lifetime risk of maternal death; children’s well-being as measured by their under-5 mortality rate; educational status, as measured by children’s expected years of formal schooling; economic status, as measured by gross national income per capita; and political …

McDonald’s has said it will restructure its business and increase its number of franchised restaurants globally. The fast-food chain reported poor results for the first quarter of 2015. Chief executive Steve Easterbrook said he wanted to move away from its “cumbersome” structure and increase “digital engagement”. “The numbers don’t lie,” he said. …